Long before bank loans and balance sheets, many Ghanaian businesses were built on family trust, handed down from one generation to the next. But as companies grow beyond their founders, sustaining that legacy has become a bigger challenge.
The Managing Director of the Ghana Stock Exchange (GSE), Ms Abena Amoah, says the capital market offers a pathway for businesses to grow, survive leadership transitions, and remain relevant for generations. She made the call following the successful GH₵1.16 billion capital raise by CalBank PLC, which she described as evidence of strong investor appetite for quality issuers.
According to Ms Amoah, the transaction shows that Ghana’s capital market can deliver long-term funding when deals are well structured and transparently executed, making it a viable option for companies planning their next phase of growth.
She urged companies thinking about expansion, succession beyond their founders, or building multi-generational enterprises serving Africa and global markets to consider the capital market as a strategic choice. She noted that there is both appetite and capacity within the market for well-prepared transactions.
Ms Amoah explained that raising capital through the Exchange goes beyond funding, offering companies an opportunity to strengthen governance, improve transparency, and build confidence among investors.
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She stressed that successful capital raising depends on proper planning, clear communication, and strong advisory support, noting that these fundamentals make it possible for transactions to be executed as intended.
Ms Amoah added that the GSE remains committed to supporting issuers throughout the process, working closely with companies and media partners to help them achieve their objectives.
Ms Abena Amoah stressed that a growing capital market can be a major driver of economic transformation in Ghana. She praised the advisors and licensed partners involved in the transaction, acknowledging that their professionalism, dedication, and expertise were key to making the deal a success.
The GSE Boss noted the significance of CalBank’s achievement, noting that the bank had raised GH₵1.16 billion, a substantial sum that demonstrates the attractiveness of Ghana’s capital market for quality issuers and investors alike.
She concluded by calling on more companies and institutions to follow CalBank’s example, describing the bell-ringing ceremony as a celebration of corporate success and growing confidence in Ghana’s capital market.
